The average amount of newly granted loans secured by residential real estate is steadily rising - from EUR 80 thousand in 2022 to EUR 92 thousand in the third quarter of 2023 under the influence of the price rise of residential properties. The average debt repayment period rises from 24.2 years in 2022 to 25 years in the third quarter of 2023. Longer repayment increases interest rate risk and the probability of losses, according to an analysis prepared by the BNB and cited by the web site "Pariteni".
The financial situation in the country is critical, Finance Minister Temenuzhka Petkova says. Which means that the good news – the slowing inflation rate (on an annual basis) and Bulgaria’s full accession to the Schengen area at the beginning of the..
Moody's Ratings has affirmed Bulgaria's long-term and short-term rating at Baa1 with a stable outlook. The affirmation of Bulgaria's Baa1 rating reflects the rating agency's expectations that Bulgaria's debt and creditworthiness indicators will remain..
On January 27th, government securities for 150 million euros (300 million leva) will be offered on the domestic market , the Bulgarian National Bank (BNB) announced. The bonds will have a maturity of 7 years and an annual interest rate of 3.25%. On..
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